Eldorado Gold Corp. (NYSE: EGO) is 20.74% higher on its value in year-to-date trading and has touched a low of $8.30 and a high of $15.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EGO stock was last observed hovering at around $15.07 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $15.66, the stock is 14.51% and 26.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing 3.92% at the moment leaves the stock 40.96% off its SMA200. EGO registered 44.73% gain for a year compared to 6-month gain of 75.36%. The firm has a 50-day simple moving average (SMA 50) of $3.27 and a 200-day simple moving average (SMA200) of $7.20.
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The stock witnessed a 28.26% loss in the last 1 month and extending the period to 3 months gives it a 29.10%, and is 6.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.96% over the week and 3.11% over the month.
Current P/E ratio is 30.46 and Fwd P/E is 17.55. Profit margin for the company is 10.13%. Distance from 52-week low is 88.67% and 1.82% from its 52-week high. The company has generated returns on investments over the last 12 months (2.46%).
Eldorado Gold Corp. quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $286.2M over the same period.The EPS is expected to grow by 35.58% this year, but quarterly earnings will post 16.80% year-over-year. Quarterly sales are estimated to grow 23.00% in year-over-year returns.
Eldorado Gold Corp. (EGO) Top Institutional Holders
263 institutions hold shares in Eldorado Gold Corp. (EGO), with institutional investors hold 78.31% of the company’s shares. The shares outstanding are 203.14M, and float is at 201.26M with Short Float at 3.11%. Institutions hold 77.77% of the Float.
The top institutional shareholder in the company is Helikon Investments Ltd with over 28.94 million shares valued at $292.26 million. The investor’s holdings represent 14.16% of the EGO Shares outstanding. As of Jun 29, 2023, the second largest holder is Van Eck Associates Corporation with 19.35 million shares valued at $195.46 million to account for 9.47% of the shares outstanding. The other top investors are Smith (Donald) & Company Inc. which holds 9.43 million shares representing 4.61% and valued at over $95.28 million, while Vanguard Group Inc holds 3.21% of the shares totaling 6.57 million with a market value of $66.32 million.
